Common use of Demand by Lender Clause in Contracts

Demand by Lender. In addition to the terms set forth in Section 2.1 of this Guaranty, and without imposing any limitation on such terms, it is expressly understood and agreed that, if, at any time, the outstanding principal amount of the Guaranteed Obligations (including all accrued interest thereon) is declared to be immediately due and payable, then Guarantor shall, without demand, pay to Lender the entire outstanding Guaranteed Obligations due and owing. Payment by Guarantor shall be made to Lender in immediately available funds to an account, designated by Lender or at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Lender, and shall be credited and applied to the Guaranteed Obligations.

Demand by Lender. In addition to the terms of the Guaranty set forth in Section 2.1 of this Guarantyhereof, and without in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if, at any time, the outstanding principal amount of the Guaranteed Obligations under the Transfer Agreement and the Note (including all accrued interest thereon) is declared to be immediately due and payable, then Guarantor shall, upon notice of such acceleration, without further demand, pay to Lender the entire outstanding Guaranteed Obligations due and owingowing to Lender. Payment by Guarantor shall be made to Lender in immediately available funds to an account, designated by Lender or at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Lender, and shall be credited and applied to the Guaranteed Obligations.

Demand by Lender. In addition to the terms of the Guaranty set forth in Section 2.1 of this Guarantyhereof, and without in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if, at any timetime on or after January 3, 2000, the outstanding principal amount of the Guaranteed Obligations under the Note (including all accrued interest thereon) is declared to be immediately due and payable, then Guarantor Guarantors shall, without demand, pay to Lender the holders of the Guaranteed Obligations the entire outstanding Guaranteed Obligations due and owingowing to such holders. Payment by Guarantor Guarantors shall be made to the Lender in immediately available funds to an account, account designated by Lender or at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Lender, and shall be credited and applied to the Guaranteed Obligations.